Deals of the day-Mergers and acquisitions

Blackbaud

15/04/2024 21:40

(Adds MediaForEurope, EMAE, Rheinmetall, Tapestry, Jio
Financial, ENI, Halliburton, UK Athletics, Deutsche Bank, EQT,
Leonardo, Ageas, Blackbaud, Resideo Technologies)
       April 15 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on Monday
    
    ** MFE-MediaForEurope  MFEB.MI ,the TV group led by Italy's
Berlusconi family, held talks in recent months with various
banks ready to fund a potential bid for German peer
ProSiebenSat.1  PSMGn.DE  worth up to around 4 billion euros
($4.3 billion), according to people close to the matter and
documents seen by Reuters.  urn:newsml:reuters.com:*:nL5N3GO5UX
        
  
    ** Three companies have submitted offers to participate in
the privatization auction of Brazilian power generator EMAE
 EMAE4.SA , which is scheduled to happen on Friday, a source
familiar with the matter told Reuters.  urn:newsml:reuters.com:*:nL6N3GO0JB
        
  
    ** Germany's Rheinmetall  RHMG.DE  on Tuesday will sign a
protocol of intention with the Lithuanian government to build an
ammunition factory in the country, the government said on
Monday.  urn:newsml:reuters.com:*:nL5N3GO6BD

    ** Coach parent Tapestry's  TPR.N  $8.5 billion deal to buy
Michael Kors owner Capri Holdings  CPRI.N  has received
regulatory clearance from the European Union and Japan, the
companies said.  urn:newsml:reuters.com:*:nL3N3GO438
         
  
    ** Jio Financial Services  JIOF.NS  said on Monday that it
had entered into a new joint venture (JV) with U.S.-based
BlackRock Inc  BLK.N  to set up a wealth management and broking
business in India less than a year after launching an asset
management venture.  urn:newsml:reuters.com:*:nL3N3GO3R8
        
  
    ** Italian energy group Eni  ENI.MI  aims to sell by
year-end minority stakes in its biofuel and bio-plastic units
that could fetch around 1.3 billion euros in total to speed up
its energy transition, three sources said.  urn:newsml:reuters.com:*:nL5N3GO2E2
        
  
        ** Investors of Halliburton  HAL.N  and Baker Hughes
 BKR.O   are likely to pile up pressure on the top U.S. oilfield
service companies to follow the steps of bigger rival SLB in
beefing up their portfolios through deals, industry experts
said.  urn:newsml:reuters.com:*:nL3N3GK2TT
        
  
    ** UK Athletics (UKA) has set up a joint venture with the
organisers of the London Marathon and the Great North Run which
will look to transform the future and growth of athletics in the
country, the governing body said.  urn:newsml:reuters.com:*:nL3N3GO23D
        
  
    ** Deutsche Bank  DBKGn.DE , Germany's largest lender, has a
new big shareholder, a regulatory filing showed.  urn:newsml:reuters.com:*:nL5N3GO5ID
        
  
    ** EQT  EQT.N  will sell 40% interest in its non-operated
natural gas assets in northeast Pennsylvania to Equinor USA in
exchange for Equinor's onshore asset in the Appalachian basin
and $500 million in cash, the companies said.  urn:newsml:reuters.com:*:nL3N3GO31F
        
  
    ** Italian defence group Leonardo  LDOF.MI  is close to
finalising a deal to sell its submarine unit Whitehead Alenia
Sistemi Subacquei (WASS) to shipbuilder Fincantieri FCT.MI,
Leonardo's chief executive said.  urn:newsml:reuters.com:*:nL5N3GO2VF
        
  
    ** Blackbaud's  BLKB.O  largest shareholder Clearlake
Capital Group has made a fresh buyout offer that values the
cloud software provider at $4.3 billion, the company said.
 urn:newsml:reuters.com:*:nL3N3GO2JH
        
  
    ** BNP Paribas  BNPP.PA , the euro zone's biggest bank, has
agreed to buy a 9% stake in Ageas  AGES.BR  from China's Fosun
Group for about 730 million euros ($780 million), making it the
biggest shareholder in the Belgian insurer.  urn:newsml:reuters.com:*:nL2N3GN0GM
        
  
    ** Home safety and security solutions provider Resideo
Technologies  REZI.N  said it would buy Snap One  SNPO.O  in a
deal worth about $1.4 billion, including debt.  urn:newsml:reuters.com:*:nL3N3GO2CD
        
  
    ** Italy's Prysmian  PRY.MI  announced a deal to buy U.S.
firm Encore Wire WIRE.O for an enterprise value of about 3.9
billion euros ($4.15 billion) as it doubles down on a North
American market that already powers its profits    urn:newsml:reuters.com:*:nL3N3GO0TQ
    
    ** British automotive distributor Inchcape  INCH.L  said it
had agreed to sell its UK retail operations to car retailer
Group 1 Automotive UK for 346 million pounds ($431.43 million)
in cash.   urn:newsml:reuters.com:*:nL3N3GO1HG

 (Compiled by Pratyush Thakur and Priyanka.G in Bengaluru)
 ((pratyush.thakur@thomsonreuters.com;))